Contract Glossary Definition - Tradogram
Contract
What is a contract? Explore its key role in procurement, including legal agreements, compliance, and enforceable obligations.
A contract is a legally binding agreement which obligates a buyer and a supplier to fulfil a set of terms that they specify for one another. While there are many different kind of contracts, the buying party typically agrees to compensate the seller for a set of goods or services agreed upon in the contract. On Tradogram, the contracts module can be used to create, store, and track details about flexible contract arrangements.
